Streetbeat News

Analyst Ratings

BOOT

In the last quarter, Boot Barn Holdings (NYSE:BOOT) has received mostly bullish ratings from analysts. The company has an average price target of $92.07, which is a 3.54% increase from the previous average price target of $88.92.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

WYNN

Analysts have provided various ratings for Wynn Resorts (NASDAQ:WYNN) within the last quarter, with 2 bullish, 4 somewhat bullish, and 5 indifferent. The average price target for Wynn Resorts over the next 12 months is $122.09, a 1.0% decrease from the previous average price target of $123.32.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

ROKU

Wedbush analyst Alicia Reese reiterated Roku Inc (NASDAQ:ROKU) with an Outperform and a $80 price target, reflecting long-term global growth and significant leverage in Roku's business model. Despite a weak advertising market pressuring Average Revenue Per User (ARPU), Roku's share gains in the digital connected TV (CTV) space continue. The company is expected to return to meaningful profitability by year-end, with Q2 revenue likely to be $770 million, slightly below the consensus estimate of $773 million.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:57 pm

META

SNAP

Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Snap Inc (SNAP) ahead of its 2Q earnings, citing concerns over revenue growth catalysts and competitiveness. The analyst also noted that TikTok is becoming more aggressive with new DR offerings, potentially taking more market share from SNAP and Meta Platforms Inc (META). SNAP's investments in AI/ML are seen as a risk to near-term FCF. The analyst estimates a -32% GAAP operating margin for SNAP in FY23E.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:53 pm

SAM

Wedbush analyst Gerald Pascarelli has reiterated a Neutral rating on Boston Beer Company Inc (SAM) with a $325 price target. The company is expected to report 2Q FY23 earnings on August 27, 2023, with an expected EPS of $3.22, below the consensus EPS of $3.43. The analyst predicts a 4.2% revenue decline and a 5% volume decline for the full year. SAM's efforts to double-down on Twisted Tea are paying off, but this is offset by pressure in Truly.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 6:50 pm

LVS

Benzinga's options scanner detected over 12 options trades for Las Vegas Sands (NYSE:LVS) totaling $752,890. Whales have been targeting a price range from $52.5 to $70.0 for Las Vegas Sands over the last 3 months. The price of LVS is down -1.22% at $55.75. JP Morgan, B of A Securities, Morgan Stanley, Stifel, and Wells Fargo have maintained their ratings on Las Vegas Sands with price targets ranging from $65 to $78.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:48 pm

GE

A significant bullish stance has been taken on General Electric (NYSE:GE) by a large investor, as evidenced by a large position in GE's options. The sentiment among these big-money traders is 90% bullish and 9% bearish. The whales have been targeting a price range from $80.0 to $115.0 for GE over the last 3 months. Wells Fargo maintains an Equal-Weight rating on GE with a price target of $105, while Citigroup maintains a Buy rating with a price target of $126.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:48 pm

POOL

Pool Corporation (POOL) reported a 9.7% YoY decline in Q2 FY23 sales to $1.857 billion, missing the consensus estimate of $1.910 billion. EPS of $5.91 also missed the consensus of $6.20. The company attributes the underperformance to weather conditions that impacted revenue and led to slower maintenance activity, reduced outdoor living construction activity, and deferred discretionary replacement activity. Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on POOL and raised the price target from $375 to $380.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 6:47 pm

AMZN

Truist analyst Youssef Squali reiterated a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $144.00. Squali remains bullish on AMZN due to strong North American e-commerce demand and cost optimization. He expects AMZN to report total revenue of $131.3 billion, North American revenue of $80.3 billion, and AWS revenue growth of 10% Y/Y (to $21.8 billion). He also expects an operating income of $5.1 billion (3.8% margin).

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:46 pm

DFS

Discover Financial Services (DFS) has been downgraded by Piper Sandler following disappointing Q2 2023 results. Other analysts also lowered their price targets and EPS estimates for the company due to lower-than-expected net interest income, higher expenses, and lower buybacks. Despite this, DFS shares are trading higher by 2.43% at $104.94.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 6:44 pm